Gold/Silver Power Higher Over the Holidays

This Week:

  • Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019
  • Gold/Silver Power Higher Over the Holidays
  • What Do You Mean There is No Safe Haven?
  • Best Time to Buy Gold since 2001?

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $1838
Buying Back 1kg NZ Silver 999 Purity $710

Gold Powers Higher Over the Holidays

Just to keep us on our toes, gold and silver did the complete opposite to what they have often done over the low volume Christmas and New Year holiday break.

Instead of sharp falls we instead saw a very sharp run higher in prices.

Since our last weekly update 3 weeks ago, gold in NZ dollars is up almost 5%. Gold not only broke decisively through the 50 and 200 day moving averages (MA). It also made a new 2.5 year high after busting above $1900.

In the last few days gold has turned down from these highs. Not surprising as it had gotten very overbought.

NZ Dollar Gold Chart

Where to Now for NZD Gold?

After such a strong run higher we’d expect gold to have a further pull back yet. We could see a return back down to the 50 and 200 day moving averages just below $1850. Anything near that mark could likely be a good buy zone.

But after that retracement is complete the odds favour a move back above $1925 before too long now. From there there is a lot of blue sky ahead before the next major resistance at $2200.

Silver Shot Even Higher

3 weeks ago NZD silver was sitting on the 50 day MA at about $21.50. Over the break silver launched nearly 9% higher. Busting through the 200 day MA and then touching the downtrend line dating back to mid-2016.

NZ Dollar Silver Chart

Silver remains very overbought. So as we said for gold, silver is due a decent retracement now too. Look for a test of the 200 day MA at $22.50 and then maybe even a return to around $22. Which would be a 50% retracement of the recent run higher.

NZD silver continues to get compressed between the rising and falling thick blue trendlines. A break out will come and our guess is it will be to the upside.

So if you’re looking at buying keep a close eye on the prices of both metals over the next couple of weeks.

NZ Dollar Pulled Back Over December

The New Zealand Dollar went lower over the holidays. Dipping 1.80%. But it is now moving out of overbought territory and looks like it has bottomed out.

So a rising NZ dollar could also help to nudge local precious metals prices lower over the next week or so.

More thoughts on the NZ dollar in our Year in Review article below.

NZ Dollar Chart

Need Help Understanding the Charts?

Check out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below


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What Do You Mean There is No Safe Haven?

Spotted yesterday was this headline on interest.co.nz:

Even in the GFC, global investors saw US Treasuries as the safest asset available. But under Trump portfolio managers find themselves in rough seas with no port of call that can offer shelter from the storm

“With equities slumping, exchange-rate volatility increasing, and political risks intensifying, financial markets around the world have hit a rough patch. During times like these, international investors generally grow cautious and prioritize safety over returns, so money flees to “safe havens” that can provide secure, liquid investment-grade assets on a sufficiently large scale. But there are no obvious safe havens today. For the first time in living memory, investors lack a quiet port where they can find shelter from the storm.”

Source.

The author Benjamin Cohen points out treasuries bonds have not been a safe haven recently. He also comments that the Eurozone, Swiss Franc, Japan and China all have issues that preclude them from being a safe haven.

He is right about the lack of refuge. As we point out in our year in review article, a Deutsch Bank study reported that 94% of all assets lost ground in 2018. The worst year since 1920!

However not surprisingly Cohen fails to consider gold as the ultimate safe haven. In 2008 gold finished the year up – unlike just about everything else. 10 years later in 2018 gold also was positive in a year where most assets lost value. More on golds performance below…

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2018 in Review & Our Punts for 2019

With the arrival of the New Year it’s time for our usual year in review article.

You’ll see how gold and silver in NZ dollars performed during 2018. Also taking a longer term view right back to 2000.

We also look at our predictions for 2018 and see how we did (not so great!).

And finally we make a few punts as to what 2019 might hold.

Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019

Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019

Your Questions Wanted

Remember, if you’ve got a specific question, be sure to send it in to be in the running for a 1oz silver coin.

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Best Time to Buy Gold Since 2001?

Gold has had a strong rally over the holiday break.

But Steve Sjuggerud thinks this is now the best time since 2002 to buy gold…

“The last time gold was this hated – in late 2001 – the major gold-stock index (the HUI Gold BUGS Index) soared by nearly 300% in a little more than two years.

While I can’t promise you 300% gains in two years today, I can tell you that the setup today in gold is the same as what we saw back in late 2001.

The outcome could be similar, too. Gold and gold stocks could make investors a few times their money.

This week, for the first time in years – and for only the second time in my long career – I’m personally buying gold stocks again. And I’m also doubling the amount of physical gold I own.

In short, I am putting my money where my mouth is. Why?

The reason is simple…
This Is the Best Moment to Buy Gold Since 2001
If you’re a longtime reader, then you know what I look for in a great trade…

I want to buy what’s cheap, hated, and in the start of an uptrend.

This strategy works in just about every type of asset… The most important question to answer is, “How do you define these terms for different assets?”

For example, how do you know that gold is hated?

Some folks like to use surveys of investors…

And that works. For example, in the latest Bank of America Merrill Lynch Fund Manager Survey, gold sentiment hit a 17-year low among investors surveyed.

But I prefer to look at “real money” on the line…

The best way to see that in gold is to look at what large speculators in the futures markets are doing with their money. For that, we look at the Commitment of Traders (“COT”) report.

It shows the real-money bets of futures traders.

Importantly, when these speculators are crowded at one side of a trade, the opposite tends to happen.

Currently, large speculators in gold futures have bigger bets against the gold price (relative to all futures bets on gold) than at any time since 2001.

Take a look…

Gold-Large-Speculators-vs-All-Gold-Futures

This is EXACTLY what I want to see.

As the chart shows, gold speculators are betting against gold to a greater degree than at any time since 2001.

As you know, gold’s great bull market started in 2001, from a similar degree of “hated.” And as you know, gold stocks soared starting around that time.

I realize nobody is talking about gold or gold stocks today. But that’s what you want…

In order to buy an asset at the best price, you want to buy it when it’s hated and ignored. And you want to sell it when it’s all over the news.

I expect today’s extreme means that we are close to the start of the next great bull market in gold.”

Source.

There are no shortage of geopolitical risks, that could help nudge gold higher: (see top geopolitical risks for 2019).

But keep a close eye on the price currently for a pull back and buying opportunity.

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

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This Weeks Articles:

Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019

Tue, 8 Jan 2019 4:25 PM NZST

THE YEAR IN REVIEW GOLD SILVER IN NZ DOLLARSIt’s time for our annual review of the performance of gold and silver in New Zealand dollars. We’ll also look back on our predictions from the start of 2018 and then finish off by making a few guesses as to what 2019 may hold for us. 2018 was quite a change from 2017 overall in […]

The post Gold & Silver in NZ Dollars: 2018 in Review & Our Punts for 2019 appeared first on Gold Survival Guide.

Read More…

More on Australia’s “Missing” Gold

Sun, 23 Dec 2018 10:03 AM NZST

This Week: Could Silver Be Worth More Than Gold? Bank Capital Changes: What is the RBNZ Preparing For? Gold and Silver Continue to Bounce Back More on Australia’s “Missing” Gold Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1753 Buying Back 1kg NZ Silver 999 Purity $649 Christmas Trading Hours Local Auckland Suppliers: Closing Friday 21st […]

The post More on Australia’s “Missing” Gold appeared first on Gold Survival Guide.

Read More…

Why Buy Gold Now? Because I Don’t Know

Wed, 19 Dec 2018 10:32 AM NZST

This Week: When to Buy Gold or Silver: The Ultimate Guide (Updated) Why Buy Gold Now? Because I Don’t Know Has Gold Remonetisation Already Begun? Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1737 Buying Back 1kg NZ Silver 999 Purity $643 Gold Has Bottomed Out Again Gold appears to have bottomed out in both NZ and […]

The post Why Buy Gold Now? Because I Don’t Know appeared first on Gold Survival Guide.

Read More…

Bank Capital Changes: What is the RBNZ Preparing For?

Wed, 19 Dec 2018 9:23 AM NZST

Bank Capital Changes: What is the RBNZ Preparing For?This week we have been wondering does the Reserve Bank of New Zealand (RBNZ) see some troubles looming on the horizon? What caused us to ponder this? There are undoubtedly plenty of risks to be concerned about.   IMF’s Dire Warning on Global Economy In the Herald Liam Dann reported on a speech this week […]

The post Bank Capital Changes: What is the RBNZ Preparing For? appeared first on Gold Survival Guide.

Read More…
As always we are happy to answer any questions you have about buying gold or silver. In fact, we encourage them, as it often gives us something to write about. So if you have any get in touch.

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$1983
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$810 (price is per kilo for orders of 1-24 kgs)

$806 (price is per kilo only for orders of 25 kgs or more)

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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$2013
1kg PAMP 99.9% pure silver bar
PAMP Silver
$867
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2052    (or $2014 for 10 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $745
Box of 500 $14,060 (2018’s)
$14,007 (backdated other years)

(Fully insured and delivered)
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Note:

  • Prices are excluding delivery
  • 1 Troy ounce = 31.1 grams
  • 1 Kg = 32.15 Troy ounces
  • Request special pricing for larger orders such as monster box of Canadian maple silver coins
  • Lower pricing for local gold orders of 10 to 29ozs and best pricing for 30 ozs or more.
  • Foreign currency options available so you can purchase from USD, AUD, EURO, GBP
  • Plus we accept BTC, BCH, Visa and Mastercard
  • Note: For local gold and silver orders your funds are deposited into our suppliers bank account. We receive a finders fee direct from them. Pricing is as good or sometimes even better than if you went direct.

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We look forward to hearing from you soon.

Have a golden week!

David (and Glenn)
GoldSurvivalGuide.co.nz
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: orders@goldsurvivalguide.co.nz

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The Legal stuff – Disclaimer:
We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.
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